Delek Logistics Closes 4.6 Million Unit Offering at $50.00; Net Proceeds $220.8 Million
Delek Logistics Partners closed its underwritten public offering of 4,600,000 common units at $50.00 per unit, including 600,000 units from the underwriters' full exercise of their option. The partnership intends to use the approximately $220.8 million in gross proceeds after underwriting fees to repay revolving credit borrowings and for general partnership purposes. Delek Holdings bought none of the units, so its ownership of the partnership fell from 63.0% to approximately 58.0%.
Key points
- Offering of 4,600,000 common units at $50.00 per unit closed, including 600,000 units from full exercise of the underwriters' option.
- Approximately $220.8 million in proceeds, after underwriting fees, to repay revolving credit borrowings and for general partnership purposes.
- Delek Holdings' ownership of common units declined from 63.0% before the offering to approximately 58.0% after closing.
- Truist Securities, Mizuho, and Raymond James & Associates acted as joint book-running managers.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.